We are into the middle of November. Stocks markets were diverging. For the two weeks into November, the American and European (except UK) main stock indices were putting in good performances. France, Germany, US key indices rose between 2.7% to 3.7%.
|CAC 40 (France)||5,729.86||5,939.27||3.7%|
|Dow Jones (USA)||27,046.23||28,004.89||3.5%|
|S&P 500 (USA)||3,037.56||3,120.46||2.7%|
|Australia All Ordinaries||6,772.90||6,898.90||1.9%|
|Nikkei 225 (Japan)||22,927.04||23,303.32||1.6%|
|UK FTSE 100||7,248.38||7,302.94||0.8%|
|Hang Seng (HK)||26,667.71||26,326.66||-1.3%|
At the bottom of the list above, Shanghai Composite Index lost 1.6% and Hong Kong’s Hang Seng Index lost 1.3%. The Straits Times Index (STI) was flat with an increase of 0.3%.
With lower interest rates globally, investors are putting money into equities for dividend yields and capital gains. The US is the beneficiary of capital flows since its economy is not expected to slow down significantly this year. The picture is different for China and Hong Kong.
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